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Techstars Central, a Boulder, Colorado-based global platform that provides access to capital, mentorship and programming for early-stage entrepreneurs, is relaunching its healthcare-focused accelerator in Los Angeles.
The company announced on September 6 that it is accepting applications for the first group of 12 healthcare companies that will begin the 13-week program in March.
“Techstars has deep experience and a strong track record investing in healthcare, particularly in Los Angeles,” Matt Kozlov, managing director of Techstars Healthcare’s Los Angeles program, said in the announcement.
Techstars is a global investment and innovation platform that helps technology entrepreneurs and their teams connect with other startup executives, mentors, accelerator program students, investors and corporate partners. Locally, according to the announcement, nearly 200 companies have gone through the TechStars program in Los Angeles and raised more than $1.4 billion.
Currently, Techstars runs three programs in the region: Techstars Los Angeles (in partnership with New York-based JP Morgan Chase & Co.); Techstars Music; and Techstars Space.
Techstars previously sponsored a healthcare-focused program in Los Angeles with the Cedars-Sinai Accelerator, part of the Cedars-Sinai Medical Center campus in Beverly Grove/West Hollywood.
UnitedHealthcare, of Minnetonka, a subsidiary of Minnesota-based UnitedHealth Group Inc., was a sponsoring partner.
The coalition’s program shepherded seven healthcare startups and invested in more than 70 companies, but that partnership ended when the pandemic hit.
Cedars has maintained its accelerator program, while Techstars has included healthcare entrepreneurs in its original Los Angeles accelerator program, which is now located in Culver City.
In an announcement made last week, Techstars re-teamed with Cedars-Sinai Medical Center and UnitedHealthcare and added two sponsors: Canton, Massachusetts-based health insurer Point 32Health and Irvine-based UCI Health.
Participating companies will receive capital, mentorship and education from TechStars’ global network and the US healthcare and health-tech ecosystem during the 13-week program, which begins in March in Los Angeles.
The application deadline is November 30.
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